South Korea plans to introduce P2P regulatory regulations and implementation rules: prohibit high-risk products such as virtual currencies

On March 30, the Korea Financial Services Commission and the Financial Supervision Agency stated that they have formulated regulations and rules (drafts) for the regulation of financial services (P2P) related to online investments, regulating the entry / business behavior of P2P industries, user protection systems, and management And oversight details were further specified. It states that in order to protect investors, P2P platforms cannot handle high-risk products, including investors who have difficulty in grasping dangerous structured commodities, virtual currencies, and derivative products.